Kathmandu: Nabil Bank Ltd. has entered into an agreement with Aloi Private Limited to digitalize green and sustainable financing.
With this strategic partnership, Nabil Bank will explore, evaluate, cooperate, and work towards providing digital lending services to the electric commercial vehicles using Aloi’s digital loan and repayment tracking system more effectively.
Sujit Kumar Shakya, Senior Deputy Chief Executive Officer of Nabil Bank Ltd. and Sonika Manandhar, Cofounder of Aloi Private Limited signed a Memorandum of Understanding (MoU) for this partnership.
Senior DCEO Shakya said that the bank took an extra step to finance commercial electric vehicle as sustainable financing.
As a part of sustainable banking, the bank encourages entrepreneurs seeking to purchase commercial electric vehicles to avail loan with attractive pricing and easier processing.
Aloi owns and operates a Digital Loan Utilization Monitoring Software currently working in two green sectors i.e. Agriculture and Electric Vehicle.
The agreement has been signed for loan repayment tracking of Electric Vehicle Financing.